Signal generators are known by various names, such as function generators, frequency generators and some others. They are devices that generate repeating or non-repeating electronic signals in digital or analog domains. Signal generators are commonly used for repairing, designing, troubleshooting and testing of electronic devices.
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The signal generators market is experiencing considerable growth. It is predicted to grow at around 10 percent CAGR by 2018. This is due to rising consumer industries, such as automotives, telecommunication, defense, manufacturing, electronics and aerospace in the world. The common application areas of signal generators are research and development and repair of electronic devices.
The key factors driving the market are rapid increase in telecommunication sector and expansion in consumer industries, like defense and aerospace. However, lack of proper knowledge and high custom duty on imports are predicted to restrain the signal generators market in the coming years.
The signal generators market can be segregated into technologies, products, applications, consumers and geographies. The technologies market includes 2G, 3G, 4G or LTE (long term evolution) and 5G. The products market consists of functional generators, special purpose signal generators and general purposes.
The applications signal generators market can be divided into designing, manufacturing, testing, repairing and troubleshooting. The consumers market has already been explained above. Geographically, the signal generators market can be fragmented into North America, Asia Pacific, Europe and ROW (rest of the world).
Asia Pacific dominated the signal generators market, especially China on account of low manufacturing costs. North America and Europe have shown considerable growth. They are likely to grow more in the years ahead.
Information Source: Grand View Research